2013-02-01
2013-02-09
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tax and replace it with a small hike in state sales tax. the republican governor on where things stan right now. governor, thank you for joining us. >> thank you, sir. >> you want to raise the state sales tax but eliminate the gas tax. give us the numbers. >> well, we do have a problem with infrastructure in america. you heard the secretary's comments and you're right. only 6% of the stimulus money was spent on infrastructure, and the rest was spent on things that didn't help much. so we have a problem and it's the gasoline tax on a state of decline because of inflation, alternative fuels and cafe standards and so forth, and we have the most congested area in america, northern virginia. so we're trying to build infrastructure. the gas tax is going to keep declining so we're suggesting let's get rid of and it replace it with a sales tax that froze with the economy. >> let's tell the viewers the numbers. the virginia gas tax is 17-1/2 cents per gallon. nationwide it's 18.4. you're saying eliminate the 17-1/2 sentences per gallon state sales tax and add .08% on sales of everything. is th

's that revenue is absolutely not an option. >> this quest to continually to raise taxes is not going anywhere. we've already done that. >> americans do not support sacrificing real spending cuts for more tax hikes. >> this is the wrong time for sequestration to take place. we should be able to sit down together and resolve this without again asking the american people to have their taxes increased. >> i want to bring in roll call cheryl and washington bureau chief ryan grim. good morning. >> good morning. >> the president says let's replace this with taxes and alternate cuts. republicans say cuts but no taxes. is it clear, ryan, who has the upper hand here? >> it's not entirely clear. republicans certainly feel like they have the upper hand here, much more so than the fiscal cliff. around the fiscal cliff, if nothing happened, taxes went up and democrats had a clear advantage. this time if nothing happens, spending cuts go into effects so republicans sort of think they have an advantage. but what is getting cut? the pentagon is taking the brunt of these cuts. certainly the commander in chief does

. this business about raising taxes, it's not catching on. i just don't hear it from down there. >> the house republicans aren't feeling the president to raise taxes. it's a complicated argument to help, that's why it's really not catching fire. a lot of defense industry lobbyists are giving republicans heat, they don't feel heat from the constituents because the constituents they think want to see real spending cuts. americans want spending cuts, they don't want political gains. >> i really do. i think when you look at the poll, americans still want smaller government and fewer services, aka spending cuts. i think this is the white house's big mistake, they're barking up the wrong tree. the only question i have, it is after all republicans, will they hang tough? in your opinion, you're closer to it, will they hang tough? >> i spent all day on capitol hill talking to house republicans privately saying what's going to happen between now and march 1st? they say the house leader has promised them privately they're not going to replace the sequester unless there are real cuts to replace the seque

? you have the jobless rate picking up, economic growth slowing down and the federal income tax turning 100 this sunday. fears are growing it's only heading higher. swatch out on the price of good friday. it's 14,000. >> let's celebrate. we're rich, we're rich again, part two. here's what i think about the income tax. remember those coffee mugs, life begins at 40? how about for the income tax life begins at 100. let's actually fix this thing, make it a little more favorable for businesses, for income, for individual income earners. i mean, that would be a lot better than at least leaving it at this rate. >> some say we've had it for 100 years. maybe we should keep it for the next 100. >> here's the thing. i'll tell you. it's been a rough 100 years with regards to income tax because there's been a lot of wrangle ling. if you just look at the numbers, we rely on the top 10% of taxpayers, jenna, as a country more than any other developed nation in the world. we know we have the highest corporate tax rates. >> you just don't want to pay your taxes. >> hello, irs, i don't want to pay my taxe

body was buried there. >>steve: straight head, he vowed not to raise taxes and his state is thriving. now louisiana governor jindal says he wants to share his tips with our present. brian's exclusive interview with that man interview with that man next. [ woman ] ring. ring. progresso. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. fox our financial advice is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] [ male announcer ] life brings obstacles. usaa brings retirement advice. call or visit us online. we're ready to help. learn more with our free usaa retirement guide. call 877-242-usaa. it's not what you think. it's a phoenix with 4 wheels. it's a hawk with night vision goggles. it's marching to the beat of a different drum. and where beauty meets bra

will be speaker again. >> it includes new gun registration immigration reform and higher taxes for some americans. as the gun control debate heats up one texas school district is making sure it's teachers are armed with knowledge to protect their students. the former swat team member teaches a class called intruderolgy. he says your best bet is to run get out of the building anyway you can. and if that is not possible blockade yourself in a room or apartment. fighting should be your last resort. >> don't get me wrong he has the gun you don't. you have mitigated his ability to come in. the biggest mistake most people make is trying to hide under a table or desk. that just makes you a target with no protection. >> goadvic good advice. >> we are brewing on this. every friday we are going to recap the week's top viral videos to see which ones you like best. >> first up probably haven't forgotten this first time train rider. this was her wish for her third birthday. we love that one. >> next there's a grocery store worker who didn't get enough height to get over this it caused nearbies to fall down. >

side path right now, i dare say if washington doesn't bomb us with a mega ton of taxes on investment we should be okay. nothing's ever perfect. and corrections are going to come and go. but all this, i see the stock market running up for a good while. now, let's get some advice on how to play it or disagree with it. go to our distinguished panel. ryan kelly, co-founder of shelter harbor capital. jim iuorio, director at tjm institutional services, and cnbc contributor jim pethokoukis. i want to go to b.k., brian kelly first. do you buy the rally continuing? how do you play this? what do you do right now? this is almost like a technical portfolio manager's question. >> yeah. i think probably the best thing you do right now is you take profits on a tremendous run that we've had since january 1st. if you want to actually still capture some of that up side, you can use options so you control your down side. i mean, if you just kind of look at any market, as you said, we're going to get some pullbacks here. what scares me is at bottoms everything looks awful and at tops everything looks fanta

that ends this governance by crisis. >> the president wants fewer cuts and more tax revenue. that's the same argument he made during the fiscal cliff talks with republicans late last year. >>> a new push in maryland, it's aimed at preventing the long lines during early voting. today the house ways and means committee is considering a bill to increase the number of early voting center. last fall some voters stood in line for hours just to vote early. until this new proposal, even county would get more voting locations officials would ultimately decide where they go. governor o'malley is also pushing to increase the number of early voting days from six to eight. >>> a news4 exclusive tonight. metro is testing the tracks for the silver line. we're getting the first and only look before riders hop aboard. >>> people love the redskins, but a lot of people don't love the name. we'll talk about a new push tonight for change. >>> plus an explosion at this deli shop. tonight there are new developments about the man hurt. "news4 at 5" is just getting started. >>> a news4 exclusive tonight, a look at t

the president says must be balanced with taxes. >> it's critical to cut wasteful standing. we can't just cut our way to prosperity. deep indiscriminate cuts to things like education, training, inauguration, and national security, will cost jobs and slow down the recovery. >> shepard: runs say they already agreed to tax hikes and they aren't going to do it again. john boehner says we believe there's a better way to reduce the deficit but americans do not support less spending cuts for tax hikes. what some aresome of the details of what the president wants? reporter: the president is looking to crop $100 billion from the def site to buy an agreement that cuts a trillion and a half over the next ten years. he says the offer he made in late 2011 is still on the table. republicans say any additional revenue from tax reform should be used to lower everyone's tax rates. the president wants to cut the deficit. he says we can't afford to use it the way republicans want. >> if we are going to close these loopholes, there's no reason we should useoo the savings we obtain and turn around and spend that on n

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's paycheck went down as taxes went up. that will take $200 billion out of the economy. now you have got gas prices spiking. that's going to take even more money out of the economy just as the economy starts to slow down and contract. the timing as you said could not be worse. gregg: you are such a kill joy on a monday morning. stu varney. martha: so this spike at the pump appears to be no fluke but a part of an ongoing trend. gas prices have gone up for 18 consecutive days. 18 states have gas prices higher than the national average. they are feeling the pain of that more than the rest of the states. we are just getting started on this monday morning. gregg: ahead. a deadly chain reaction crash involving a tour bus. details on what investigators think went wrong in a live report. martha: president obama in his super bowl interview. he dropped a bit of news. he is pushing once again for increased revenues. there is only one way to get those these days when you have got an economy that's not growing. former president wash adviser karl rove is here with us next. gregg: a little boy in alabama s

. in the meantime president obama is asking republicans to delay spending cuts with more tax hikes. there are some liberal democrats who say republicans just want to gut the social programs. >> it's time we take off just the green eye shade and look at the people behind the cuts that have been made. $600 million cuts to community health centers. that's talking about taking food out of the mouths of babies. i would say mitch mcconnell is a bully. gregg: will republicans go for president obama's deal? martha: there are some tough new questions for the white house after a memo surfaced that lays out the case for targeting u.s. citizens overseas when they believe they are a threat to our country. the critics say it allows the president to be the judge, jury and executioner on americans. now there is a group of senators who say they want answers to this, and if they don't get them the president's nominee for cia and defense could be held up. >> we conduct those strikes because they are necessary to mitigate ongoing actual threats, prevent attacks and save american lives. these strikes are legal, ethica

and senate democrats will talk about additional tax revenue which they thought was settled as a way to put this forward. what is happening where senate democrats are having a retreat, meeting behind closed doors, looking at how long could they delay the sequester, how much time could they buy themselves, and how would they pay pour it? would there be cuts elsewhere or new revenue, some kinds of new tacks? they're trying to resolve that. the president has been criticized for not taking more of a forward step on sec west rags. today is a critical move for him to put his own marker down. andrea. >> when the president sees those senate democrats, kelly and chris, are any of them going to speak up, raise their hand and say, hey, you need to be more engaged with us, and we're not so happy about the people taking over your congressional relations office? >> that's interesting. that is a critical link, and we do see a change happening there where rob neighbors, who had been working is moving into a promotion within the white house. committee chairs and so forth want more connection directly with t

? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> it hasn't sunk in yet. crazy. unbelievable. tough to put into words because it just really hasn't sunk in yet. i don't even think it's sunk in that we're here, let alone won the thing, so pretty cool. >> the way that game played out when it was 28-6 and the lights went out and whatever happened, i just knew with jim harbaugh being on the other sideline and all those years that we've been together, that that game was going to be a dogfight right to the end. that those guys were coming back. >> i just try to let my teammates at this moment know what we feel like. and last night when i had the conversation with them, you know, that just came directly from my heart to tell them what this feeling would feel like and what god has showed me and for us

in their paychecks because of this payroll tax. >> that is a real concern, right? so americans are continuing to feel the pain of the economic recovery being very slow. the bottom line is the bureau of economic analysis said the shrinking economy is a cause by a reduction in government spending. so the president is drying to say look we have to get stimulus into the economy. we need to get everyone back to work. that is caused by more spending not less spending. >> the democrats have proposed you cannot spend your way into prosperity. nor you can't tax people into prosperity. what you need to do is let the free markets take control. and basically in washington, d.c., we have bigger government. the president appointed 32 czars. what are those czars doing? >> czars is just a shortening of their actual title which is normally long in the federal government. i think that bureau of economic analysis saying that the cause of the shrink damage is due to the reduction in spending that's something we need to look at. >> we have reduced spending. >> talking about they are happy to hear the president talking ab

for business.com. and see why our low taxes, sensible regulations, and fair legal system are just the thing to get your business moving. >> bill: that ad is running in most large california cities and of course is very controversial. joining us now from fort worth, texas. brook rollins. promotes free enterprise in that state from. san francisco, chief legal officer at virtual fan network and digital media company. joe, we begin with you. this is -- they are trying to poach business from your state, take them out and they have the stats to back it up, joe. >> well, i don't know about that i mean, california created more jobs last year than texas, oregon, and west virginia combined. but, i do want to thank the governor for spending his $24,000 here in california. my personal opinion it probably would have been better spent with the boys to men campaign. the reality is california is never going to compete with texas on oil production and natural gas production. the same way texas is not going to be able to compete with california, northern california with entrepreneurialism and culture innovat

years running. visit texas. wide open for business.com and see why our low taxes, sensible regulations and fair legal system are just the thing to get your business moving to texas. >>gretchen: that's smart. that's really, really smart marketing. first of all, a lot of companies have moved to texas. no state income tax, among other things. although the governor of california, jerry brown, tried to blow it off. not that big of a deal. watch this. >> $26,000 and the smallest entry into the media market of california. should i liken it to when you sand in the ocean? no. it's a big nothing. >>steve: when he was walking off apparently, he said this -- quote -- "it's not a serious story, guys. it's not a burp. it's barely a -- and then he used a word we don't use in our house." >>gretchen: come on. that's on my kids' star sheet every day. if you don't fart, you get a star. >>brian: parents have a responsibility on making the diet a -- >>gretchen: no. >>brian: if i was governor brown, i would use that as leverage to get taxes down, to pressure lawmakers to say look what texas is doing. busine

change, immigration, gun control and taxes. mr. obama joked on monday about how tricky it can be to get things done. >> if there's one thing that i've learned over the last four years it's that you can't count on anything in washington until it's done. >> reporter: republicans believe that senate majority leader harry reid has been effective in shielding his members from some tough votes on items such as the budget but we've been assured there will be a budget this year so that unity and enthusiasm may be tested early. jenna? jenna: if you had a nickel forever time --, no. we would all be really rich. that there would be unity on capitol hill. we've heard some from the senate democrats about some of the issues they're worried about ahead. what have you heard within the halls of capitol hill? >> reporter: jenna, gun control is a prime example in places like new york, new jersey, california. gun control is popular. but harry reid also has democratic members from places like west virgina, arkansas, louisiana, and alaska where gun control can be dirty words. here is senator reid speaking re

's urging congress to pass a similar package of spending cuts and tax reforms to delay the sequester until a budget can replace it. >> the threat of massive automatic cuts have already started to affect business decisions. deep, indiscriminate cuts to things like education and training and energy and national security will cost us jobs. >> the president's budget is late again. democrats haven't done a budge net nearly power years. none of them have a plan to replace the sequestered. the sooner we solve our spending problem, the sooner our jobs problem will go away as well. >> the president says the proposals he offered to speaker boehner late last year during the discussion about the so-called fiscal cliff are still on the table. >>> resident shot video as flames shot into the air engulfing the row house in southeast washington this morning. later, firefighters went inside that house and found the bodies of two adults. this all happened in the 1700 block of r street southeast. pat collins is there now with reaction from one neighbor who says she had concerns about that property. >> reporte

in this country and jobs but it increases revenue because, you know, think about it. more people paying taxes. you know, that's just good stuff when people are paying taxes. folks are getting educated in america. they are serving in our armed services. they are making our country better and brighter and safer blah, blah, blah, blah, blah blah. why do we need immigration reform? why? it's so important and we will take calls on that too. give us a call on that. taking calls on chuck hagle. twitter is abuzz about chuck. what do you think about this whole immigration stuff? >> it's time to get it done because republicans have finally, gotten on board. i think it's a shame, the time that they deem it's time to get it done. the time to really do it was five years ago. i mean a long time ago. but it's pretty from the parent that republicans realize they have got to get on board because they got their asses handed to them in the last election. the fact that now everybody wants to come to the table and participate, i think it's sad, and i think that it's worth pointin

religious institutions ought not to be tax-exempt and get all the tax breaks that they do. they are using their tax breaks to hire lawyers that are costing the taxpayers even more money to basically just have a normal secular society. this issue of birth control, the rest of the world is laughing at us that we are even controverting over it. it should not even be an issue on the table. again, the tax-exempt status for religious institutions, i do not know if there are organizations that are trying to repeal this tax-exempt status, but i never really heard of a program on c- span about it, but these organizations, these religious institutions -- it is the tax breaks they get. host: nick from fairview, tennessee. on the independent line. caller: this is a ploy. socialists like the kennedys and obama, they will vilify -- if they cannot get it right, kruschev said, we will take two steps forward, and one step backward. we no longer live under a constitutional republic. liberals claim that it is a religious group that is against them. the state has become the major religion in this country. th

for about eight months now. but it to best way to a budget -- a balanced budget would be reinstating the tax on wall street transactions. there are quadrillions of dollars in turnover and a 1% tax would generate trillions of dollars in revenue. host: talk about your retirement strategy a little bit. host: there is not -- caller: there is none. that is the point. average people are in the same kind of predicament, not knowing what -- what do they call it? they want to have stability and predictability. where is it? host: when it comes to yourself, have you put anything away? caller: ipad, but it is all gone now. i would like to see a national infrastructure project. we could put people to work. host: steve from twitter -- host: next we're going to charlie. mississippi, independent line. caller: good morning. i am from jackson, where the capital is. i retired in 2009. it is a good thing. i was a civil servant. now in the state house there is legislation where some young republicans want to phase out our state retirement program for civil servants. house bill 486 allows people to just elect, if

there openly for seven years and pay all the taxes. but today officials determined it was actually trespassing. boo. so the bank repossessed the home. boo. and changed the locks. kill joy. bank of america. don't they have enough money? steve harrigan is in the south florida newsroom. still no word from loci boy though, i'm bummed. >> no, shepard. no appearance of loci boy yet. it was 1:00 p.m. when police moved in on that 2.5, a bedroom mansion. brought locksmiths with them as well. broke open that iron gate. went inside. no sign of loci boy or seven or eight people also occupying that house. they found a lot of toiletries and a real mess. they pulled that outside and bank of america now has taken possession of that house. they issued a statement which said we appreciate the assistance of local authorities and the patience of neighbors as we work to have the trespassers removed. no word on where loci boy might be. police told us this afternoon they are not looking for him and there is no warrant for his arrest. shepard? >> shepard: loci boy unwittingly a leader of others as there are copy cats

chair of the payroll tax subcommittee. it matters big time, because what they can do is attach the key stone pipeline legislation to must-pass legislation with the payroll tax. the republicans want him to do that. baucus is in favor of this. the democrats will be really upset if he goes it alone. he's been called mat baucus, the one man caucus. joan hogan the north dakota senator taken money from the energy industry. john horner of texas many taking none less than $400,000. >> there are jobs in montana. the governor of montana wants this, they want the jobs there. they're not paying a lot of attention. we're going to speaking to some people who are may go more attention to the environmental impact of this. there's a watchdog group called oil change international. we're joined today by steve increase man and by a rancher. i ewe up in new york city. gentlemen, thanks for being on "the young turks." >> thanks for having us. >> thank you. >> benjamin, i want to talk about the ranching. what is it about this pipeline and how will it affect your life and the life of people who do what you do

want a professional experienced law enforcement officer that you pay taxes for to be there to take fishing prints to look at what's going on to find any clues. was it forced entry or somebody who had the keys to your house he wants to start solving the crimes. hello 911. i am just going to take a report. my how the just got burglarized you are going to take a report. >> what message does this send to the burglar as soon as>> alarm is going no big deal they are going to take a report. let me find the jewelry cabinet. >> this opens up the officers to cover the more serious crimes. >> look, if you are talking a lewd phone call, they are correct. if you are talking about a robbery. forceable taking of your property. that means someone grabbed you around the throat and took your property. someone put a weapon at you. that's something a live human police officer should be there. if someone broke into your garage and stole your collection of baseball cards and there's an attempted sexual assault, obviously we want the police there. this remind me of new york city in the mid 80s we didn't

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for the 4% to pull along the 96%. but the consumer is doing okay. >> charlie: do you think taxes impact the way business makes a decision about inconvenien inin, about hiring, about expanding factories, that kind of thing. >> sure they do. charlie: significant or is it simply depending on demand? >> i would say first of all if you compare taxes to your ability to sell the product, it's no contest. it's not even close. you may remember... >> charlie: the product. ... is the thing that runs the show. exactly. if your tax goes up a little bit but your ability to sell the product at the same time doubles or triples, you're really going to notice the taxes. you' goiull tottle if you can't sell it, it doesn't much matter if the government is giving you tax breaks. >> charlie: some people have since the crash in 2008, you know, have said, well, businesses uncertain about the future. >> you hear this constantly. charlie: i'll mention regulations. they'll mention the economic picture. or they'll mention the fact that they develop certain efficiencies. >> sure. they're trying. but what i always a

a tax? stu varney with what's wrong behind that record-breaking tax hike? he joins us live in studio e. e. good morning, stu. years ago, my doctor told me to take a centrum silver multivitamin every day. i told him, sure. can't hurt, right? then i heard this news about a multivitamin study looking at long-term health benefits for men over 50. the one they used in that study... centrum silver. that's what i take. my doctor! he knows his stuff. [ male announcer ] centrum. the most recommended. most preferred. most studied. centrum, always your most complete. because the portions were much larger. and i just felt like i needed to eat it all because it was so yummy. weight watchers online worked for me because it lets me live my life. i can still go out with my friends. i can still enjoy my favorite foods and drinks. it's just a smarter way of eating. i lost 40 lbs. wow it's amazing. my most favorite part of my new body is my bottom. [ laughs ] [ hudson ] weight watchers online. the power of weight watchers completely online. join for free today. >> you remember when president obama said t

they are also a little bit pessimistic when. asked if tax less go up on middle class americans this year, 68% said they think, yes, that taxes are going to go up. if that is the case, i mean economic activity can't be helped by that, is it, joe? >> well, no, but they are right, jon. i mean when you look at it the payroll tax that was pulled off as a way to give people a little bit more money in their pocketbooks, to buy things, and to get the kids to school, and put gas in the car, that came off. so the payroll tax is back on, and that affects everybody. i know we talked a lot during the tax issues about the upper 2%, but average americans are going to be hit by putting some of the tax breaks back on -- i mean taking them off that were on, that has happened. people are already going to start feeling that one. so i think that poll sort of reflects reality. jon: kind of interesting too, he defeated hillary clinton in the race for the nomination, four or five years ago and these days according to the polls she is more popular than the president is. does that surprise you, joe? >> no. i think, l

of companies paid out dividends in anticipation of tax law changes. also, some companies paid out special bonuses. that did lead to an unusually strong number for december. but, you know, in general, it was a temporary kind of thing. we would not expect those things. host: how did the year look? guest: overall, we had an increase of 3.5% for the year .12. -- 2012. that is a good increase. it is a little below the long- term trends. host: when is a personal income, is that take-home pay or are there several factors associated? guest: there are a number of factors involved. within personal income, we have wages and salaries which account for more than half of the total. we also have small business income, things like rental income and also investment income in terms of interest and dividends and so forth. there is transfer income, social security and unemployment and so forth. there is a variety of types of income. it is an all-encompassing. host: a boost as far as money is concerned. what does that say overall, not only from how people personally did but how does it into the economy? guest

as calling the estate tax the death tax and making universal health care coverage sound like a (bleep) sandwich. [laughter] >> the language that you used before, you are calling it a public option which is what the white house calls it, are you sure it isn't a government option? if you call the the government option the public against it. >> great point i'll call it the government option. >> jon: thanks, frank. i'm going to call health care the government option because i don't want everyone to have it. i appreciate you telling me how to (bleep) everybody over. thank. while that's been performed,el good people at ferrell news believe in transparency. we'll start with rebranding the or we willan process itself. >> you know about words and messaging and how to do it, frank. let's talk about the the number one thing the language errors you have pointed out versus adjustment. >> jon: you see it's language errors. you need to adjust your language errors. i think the church of scientology called, they want their deliberately obfuscating words back. they are not (bleep) you. they are adjusti

residents will agree to a tax increase to beef up a struggling police department. the mayor laid out the plan in the state of the city address. our news reporter has details. >> san jose's mayor was quick to set the tone for the state of the city address. >> i would love to tell you i am not talk about the budget. that would be a pleasant change but that is still our biggest challenge. >> there is a small surplus this year it is still not enough to beef up the city's struggling police department. layoffs, low morale and pension reform have shrunk the department to under 1,000. >> my priority is public safety. >> the crime rate has gone up. last year there were 46 homicides, the highest in 20 years. the mayor promises to add 200 officers the next two years but the police officers union wants more. >> people are looking for san jose to pay a competitive wage for police officers. the market rate san jose pays is much less than any of the surrounding cities. >> to get it back on track, the mayor is suggesting up to half a sent sales tax. >> in 2014 we can explain to the public if they gi

a law stopping the payroll taxes from going into the general fund. sometimes those guys just every pass. mark says the age for social security needs to be raised. that is the only way to solve it. finally, the lunchbox cops are targeting fried foods. cafeterias will no longer serve 100,000 workers fried chicken, concise, fried fish, and help these workers cope, the usda has hired a full-time dietitian on site. of course, we were paying for it is taxpayers. here is the best part. this whole plan is only for a few buildings. if workers want some french fries, they just have to walk a block to the energy department where the french writers are still bubbling. that is my "two cents more". that is all we have for tonight. we will see you back tomorrow. lou: good evening, everybody. the president today spending political capital by the bucket full. pushing hard for gun control. despite the fact that the murder rate in america has dropped to a 50 year low. he called for more and higher taxes, despite the fact federal spending is out of control. today, the dow jones industrial posted the is los

a chance to earn their way through citizenship by paying taxes, establishing they are no threat to america by their background and meet the basic standards we require. >> both sides appear to be willing to get the job done he cautioned if the plan does not include border security at that point it may not get done. >> the right kind of bill will benefit both parties president obama will get the achievement he fail to do deliver on in the first term and republicans can put the issue bind them. a bad bill will hurt the country. >> rove's success with immigration reform will be president obama how he accepts or declines or will he go with his own plan which may prove to be problematic for conservatives on capitol hill. >> thanks so much, kelly. >>> check out the weather today. we have got the first degree weather update with maria molina. >> some cities waking up with snow on the ground. >> yeah, a couple snow showers through the northeast. a pretty nice start to your morning for early february. it's winter. we are looking at temperatures not too far away from where they should be this time of

taxes. 3 hours from now president obama will speak about his faith in washington. 3,000 religious and community leaders from 140 countries are expected to attend as well as joe biden and first lady michelle obama. every president since identifies enhour has attended that event. that is your 5@5:00. >>> just hours before the face of the drone program john brennan faces tough questions during a senate confirmation hearing. president obama backtracks agreeing to show congress justifying the use of drones to kill americans. good morning peter. >> good morning, heather. basically what happened here is the president has come out and he has said all of the information about drones -- excuse me. he made a last minute decision to show congress the secret documents that gives him the authority to target and kill americans. all right starting from scratch here. all of the new information we got this week about the criteria required for the u.s. government to decide if one of its citizens abroad should be the target of a drone attack came from a justice department now president obama is telli

university economist said the numbers are concerning especially because the city cannot tax its way out without losing more residents and businesses. the report points out baltimore's property tax and income tax rates are the highest in the state. unfortunately, pension reform is the big elephant in the room, the economist said and the mayor has a terribly hard job ahead of her. >> the mayor will have to make cuts in decisions that will prove to be unpopular in the short run. >> while the mayor did not offer specific details, she did highlight four key themes for cuts including identifying strategies to a line recurring revenues, reducing property and income taxes, addressing infrastructure, and addressing the city's long-term liabilities. >> as far as specifically what cuts will be made, the mayor said she will discuss that in her state of the city address next week. if you'd like to take a closer look at the report, we provided a link to it on our website, wbaltv.com. we're live outside city hall tonight. wbal tv 11 news. >> we have several updates. the stabbing that happened a few bl

. twitter is not alone. other major u.s. companies are reporting cyber at tax. what's behind all of this? an expert coming up. >>> a man tasered right in front of buckingham palace. why police say they needed to stop him from reaching the gates. jenna: quick look for you now at some of the stories coming up new next hour including this one. the week really getting off to a snowy start for people across the midwest. we'll take a look where the latest blast is heading next. >>> also a big show of force as the united states and south korea kick off a new round of war games but there are rising concerns that north korea is preparing for a new nuclear test that has a lot of folks worried. >>> scientists say a skelton found under an english parking lot is indeed that of the king richard the iii. jon: what? jenna: come on. how they solved a 500-year-old mystery they say and what the remains may tell us how the ruler died. a parking lot. jon: what is he doing under there? huh. a frightening scene right right now side buckingham palace in london. guards were forced to use a taser to stop a guy ar

. but coming up with a limited package of spending cuts and tax reforms. nearly $1 trillion of domestic and defense spending hanging in the balance, the president said the impact is already being felt. >> we've also seen the effects of political dysfunction can have on our economic progress. the drawn out process for resolving the fiscal cliff hurt consumer confidence. the threat of massive automatic cuts have already strt r staart affect business decisions. so while it's critical to cut wasteful spending, we can't just cut our way to prosperity. there is no reason that the jobs of thousands of americans who work in national security or education or clean energy, not to mention the growth of the entire economy should be put in jeopardy just because folks in washington couldn't come together or eliminate a few special interest tax loopholes or government programs that we agree need some reform. >> house speaker john boehner responded with a statement reading "republicans have twice voted replace these arbitrary cuts with common-sense cuts and reforms that protect our national defense. we

later, the president of women tribe worldwide tax about the state of women's rights. " washington journal host: good morning. we will learn more about immigration with the judiciary committee. the senate could work this week on the chuck hagel nomination. the question remains whether or not republicans will block the nomination with a filibuster. the president traveling to push for slacker gun laws. with the nation focusing on the super bowl, we want to turn to washington's role on regulating the nfl. we will use super bowl sunday to talk about government regulations when it comes to the issue of steroids or head injuries. the phone lines are open. let's begin with a look at some of the headlines courtesy of the museum. from "the san francisco chronicle" -- from "the baltimore sun" -- let's turn to the politics and policy behind the nfl. this is a story a few days ago from "the washington post." outlining a plan and a letter to the executive director of the players union. they agreed as part of a 2011 collective bargaining agreement that the players should be tested for hgh, but t

and pumped billions of tax dollars into solar energy. today the future looks dim as investments in green energy are beginning to dry up. >>steve: as the subsidies dry up, so does the business. because? >> there's tons of jobs and the entire industry is relying upon these billions of dollars, and we know where those billions have gotten up. according to my research, .1% of the grid comes from solar power. you think about the money that's gone in, billions, and the output. almost nothing; right? now wall street -- this is a big business issue, and what everybody is talking about is what's going to happen with the shraor industry? -- going to happen with the solar industry? what is going to happen with those jobs he said would be created and clearly the country needs jobs. >>gretchen: if we look at subsidized solar companies. unfortunately, there are a lot of them. >> this is not a good track record here. we know what the checkered past has been for president obama and his statements about the solar industry and what the subsidies are providing. the one thing i want to make mention, subsidi

for the month, despite all those worries about the payroll tax. who won? who lost in the cramer knows. >>> former treasury secretary bob ruben in a rare interview on squawk this morning has words about too big to fail, the sequester and how he missed the crisis at citi. >>> is it time to say good-bye to the u.s. airways brands? a deal looks close for amr's american to take it over, become the number one brand. does consolidation mean airlines just got more attractive. >>> we start off with the retailers, january report card, macy's posting an 11.7% jump in same-store saturday and raising guidance. stellar results from some of the retailers. >> such a mixed picture. some guys -- kohl's, people decided their clearance is moving the stock up nicely. gap strong happens moved. consistently great job. people talking about urban outfitters doing a great job, doesn't seem like the stocks right now are moving the way you would think they would. i don't know how many people are counting on this particular month -- >> a short month, bleedover from the holidays. the rate of beats, 59% is the stro

and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ snoop i get a little time off next week. martha: yes do you. bill: let's settle this right now are you going the ravens. martha: i'm going the ravens. bill: why are you doing that. martha: i did a little more research and i thought i'm going to root for the ravens. bill: she you. bye-bye. jon: we begin with this fox news alert, one person has been killed in a terrorist attack at the u.s. embassy in turkey. a homicide bomber setting off the blast in front of that facility today killing a turkish guard. several injuries also reported in the explosion. the u.s. state department says it is working with turkish police to investigate the attack. it is also warning american citizens in turkey to avoid high-risk areas and to remain alert. the story still developing right now. much course we will continue to keep an eye on it, bring you the latest coming up in a live report. and right now, brand-new stories, and breaking news. jenna: the hos

cuts. they kick in automatically march 1. we'll tell you what americans find so taxing about the president's plan to fix the mess. martha: get ready for a blizzard. a winter storm historic proportions we are being told. >> now is the time before the storm hits. get your shovels ready. sand, fill your gas tanks in your cars. make sure you have enough heating fuel. you know, for at least a week. sometimes life can be well, a little uncomfortable. but when it's hard or hurts to go to the bathroom, there's dulcolax stool softener. dulcolax stool softener doesn't make you go, it just makes it easier to go. dulcolax stool softener. make yourself comfortable. martha: let's look at what's developing right now in america's newsroom. we are being told the tsunami in the pacific wiped out five villages in the solomon islands. nine bodies have been recovered so far and that number is expected to rise. a report says american airlines is ready to merge with u.s. airways. sources tell us it will happen next week. the merger could create the largest airline in the whole world. how about this

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clear he wants in any such deal another tax hike on wealthy, reducing the write-offs on perks like private jets. >> we got to be able to close tax loopholes and deductions that the average american cannot take advantage of, to raise the revenue to actually do the job in a way that allows us to continue to grow. >> house speaker john boehner warns the focus better not be on tax hikes. >> at some point washington has to deal with its spending problem. >> the battle lines on that fight and on guns and immigration are sure to be laid out in the state of the union address this year and the gop response on tuesday night. >> two new polls president obama's public approval slipped down below 50%. the good feelings from his inauguration giving way at least a little bit to the old feelings of gridlock. >>> i'm steve handelsman, news 4. >>> thank you, steve. >>> somebody hacked into the private account of bush family. according to the website known as the smoking gun, the hacker gained access to the private e-mails, photos and sensitive information sent between both former president bushes an

have replaced the gas tax with a higher sales tax to fund maintenance and highways, local roads, bridges and times. the two bills will have captain a gas tax. both were sponsored by republican senators. the only remaining plant in the house is still working through revisions right now. >>> congress is pushing back against the postal service's plan to cut saturday delivery. virginia congressman appeared on fox 5 morning news today. take a listen. >> and that is 30 years. if we're going to change that, two think thises have to happen. the person has to come to congress to seek legal authority to do that and secondly, he will have to make an analytical case for why the savings won't be outweighed by the revenue loss and that is what he has failed to do in both cases. >> by the way, the postmaster general repeatedly tried to do whatman connelly described, we're told. the congress will not go along. congress passed a law in 2006 saying the postal service has to pay $5.5 billion a year in future benefits. the postal service is mandated in the constitution and received no money from th

. get a little pullback and ought to buy that. looking at the biggest tax hike we've seen since 1937 and gasoline prices at the highest level this time of year ever. we've got a lot of issues and everybody on this program keeps saying that spain is getting better. it is not getting better. every -- every metric you can look at in spain is getting worse, whether it's unemployment, whether it's retail sales, whether it's gdp, so this year we're going to see disruptions and a lot of volatility. i am bullish, but market is way too complacent, and we could see bigger air pockets than we're expecting. >> i couldn't agree more with that. i think the headline risk is going to come back into the market, and that is what's going -- that's the biggest danger to this rally which is definitely tone. >> so what do you think -- >> maria, the other thing, you could -- and the other thing missing is growth. can you talk about apple transitioning from a growth story to a value story, and that's all fine and good. most of the arguments for stocks right now are about valuations, book values, dividends,

-50 split of spending cuts and tax hikes. that's the plan democrats are leaning toward but this still really is about the economy and how to solve some of the immediate problems we have. >> yeah. i must tell you that i'm one of the progressives who agrees with the economist paul krugman on this. any time talking about deficits, we are buying in to the right wing mantra somehow deficits are killing the economy. look at great britain and doing with their austerity plans and doesn't add up. i'm much more of the mind to be proactively looking at infrastructure investment like many of the business advisers told president obama should happen. people from commerce, from industry. i get it. that won't happen as long as house republicans are dead set against it. and what we're left with is unfortunately in my view a detente to put the discussion in the frame the republicans want. what about deficits? we have a jobs crisis in this country. not a deficit crisis. to me, the whole conversation has been pushed to the right further than it should be. >> and karen, on a last note, in anticipation of the pre

worthwhile. >> he has had controversy like the 2009 conviction of a tax office employe for embezzling $50 million from the city. recently a securities and exchange commission investigation. a columnist says overall, he will be remembered for helping revive the destruct. >> he presided over a good transition. >> the mayor called him an exemplary stored of the city's finances and he will remain in office at city hall until june 1. reporting live downtown, horace holmes, abc 7 news. >> we had a snowy start to a cold day. >> there is more snow in the future. let's get to chief meteorologist doug hill. >> clear and cold tonight tomorrow more snow in the forecast. the belfort furniture weather center, just a little over an inch in olney, frederick haymarket and mclane in southern maryland. heavier amounts on the eastern shore and the delaware. it is only 21 north and west of the city. 26 washington. couple that with the gusty wind, the wind chill is in the single digits. clear and cold tonight, but then watched as the system moves out the high pressure moves in tonight. already to the north and

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